HRG Group, Inc. $300 Million Notes Reopenings
Davis Polk advised the initial purchasers on two Rule 144A/Regulation S offerings by HRG Group, Inc. (formerly Harbinger Group Inc.) of $160 million aggregate principal amount of its 7.875% senior secured notes due 2019 and $140 million aggregate principal amount of its 7.750% senior notes due 2022.
The 2019 notes are an additional reopening of notes issued on December 24, 2012, July 23, 2013 and April 14, 2015. The 2022 notes are an additional reopening of notes issued on January 21, 2014 and September 11, 2014.
HRG Group, Inc. is a NYSE-listed, diversified holding company.
The Davis Polk capital markets team included partner John B. Meade, counsel Derek Dostal and associates Alice Z. Chen and Cameron Lewis. Partner Harry Ballan provided tax advice. Counsel Hayden S. Baker and associate Amy E. Turner provided environmental advice. All members of the Davis Polk team are based in the New York office.